Fast Money 'Pops and Drops': Murky Merck

Pops

American International Group ( AIG) was up 6% to $26.53. Karen Finerman said the stock's movement had to do with an upgrade.

Wynn Resorts ( WYNN) was up 6% to $93.43, and Las Vegas Sands ( LVS) rose by 9% to $42.20. Jeff Macke said Steve Wynn is a brilliant person and noted that the stock is up about 40% since the company announced its buyback.

Biogen ( BIIB) was up 3% to $66.85. Pete Najarian mentioned that the stock was upgraded today. He also said to "keep an eye on this," since the company will be reporting its earnings tomorrow.

Valero Energy ( VLO) was up about 8%. Joe Terranova likes the company and said he could see it trade $40 soon -- the stock is currently at $35.72.

TransAlta ( TAC) rose by 15% to $37.06. Najarian said the sharp movement had to do with the company getting bought out for about $8 billion.

Timken ( TKR) rose sharply by 22% to $34.86. Najarian said when a company "beats expectations and raises its outlook, then you got a winner."

Drops

Merck ( MRK) was down 7% to $32.82 and Schering Plough ( SGP) was down 3% to $18.35 during after-hours trading after a major European study raised concerns about the jointly marketed cholesterol drug Vytroin. Apple ( AAPL) was down about 13% to $160 in after-hours trading. The company reported strong third-quarter earnings but gave a lower-than-expected outlook. For the fourth quarter, the company expects to earn $1 a share with revenue of $7.8 billion; analysts' had expected earnings to be $1.25 a share with revenue of $8.3 billion.

ArthroCare Corporation ( ARTC) was down 42% to $23.21. Finermen said "it is usually not a good thing when companies have to restate their earnings."

Hasbro ( HAS) was down about 2% to $37.35. Jeff Macke said the small drop is understandable, since "Hasbro was coming off a 52-week high." He also said that it is a tough tape, but he is still sticking with the company.

CME Group ( CME) was down 2% to $325.53. Terranova said hedge funds with large assets under management could potentially start loading up on this company. He sees a potential rally in the near term for the company.

Winnebago Industries ( WGO) was down about 5% to $11.51. Macke sarcastically said, "Is it shocking when square boxes that get 3 MPG that you sell are not doing well in this environment?"

Royal Caribbean Cruise ( RCL) was down about 6% to $22.70 after reporting that its second-quarter earnings dropped to 40 cents a share, from 60 cents a share a year earlier.